ASG Homes launched new €200M vehicle focused on build-to-rent

ASG Homes launched new €200M vehicle focused on build-to-rent

Víctor Pérez Arias, ASG Homes’ CEO

With this project, ASG Homes plans to develop a long-term rental housing platform, aiming to build a portfolio with at least 2.500 dwellings in the country.

The company has a well-defined roadmap, based on acquiring assets which allow for the development of projects with more than 100 units per operation. Under its sights are terrains for the development of new houses, buildings in need of rehabilitation, assets whose use can be changed and NPLs, acquisitions which will be carried out during the next two years.

With a main common axis characterized by quality in materials, sustainability, space flexibility and advanced technological adaptation, ASG Homes intends to offer a product adapted to the new ways of living and working with coworking and co-living spaces and offering the user multiple added-value services.

Víctor Pérez Arias, ASG Homes’ CEO, declared: «this is a magnificent opportunity for the company to grow in terms of continuing developing added value assets which meet the market’s real demand. Throughout the following twelve months, we will be very focused on the search for new assets, for which we have reinforced our acquisitions team in order to detect opportunities which may meet our expectations».

The company’s focus is on the main Spanish cities, considering their economic situation and the demand for rental housing. That is why it is focused on the metropolitan areas of those main cities (Madrid, Barcelona, Valencia, Seville, Malaga and Basque Country) and provincial capitals with high growth (Zaragoza, Pamplona, Palma Mallorca, Valladolid and Murcia).

Víctor Pérez Arias, added: «With ASG Homes as Partner in this new investment vehicle and already counting with an asset management platform named FACILITA, this is one of the most important Build to Rent deals to be signed in Spain, thus showing the confidence foreign capital has in our country and the great interest in investing long-term within the Spanish real estate market. ASG Homes’ solvency and flexibility and its bet on quality, sustainability and meeting the market’s changing needs, have spiked the interest of the big investors, despite the challenges and uncertainty caused by the current health situation».

Press Released by ASG Homes

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